EFTA01355532.pdf

Glendower Capital S0F IV, LP. 4 Important Information (1/2) 'isus confidentiat presentation (this leesentetio(") is being COMIntluCatee to 3 limiter: number of sophisticated persix;c (each. a "Recipleilti by Gsseicower Cepial LIP (tie:cower ) (an appootet representative al Miesbella Advisers ter, which iN eethoriuer.: arm regeletee by the United Yineeoni Financial Conduct Authority) for the perpcse of punk-Jog certain summary information about certain existing ant. future hands Wee that are managed or aeyised by Glendower, iruckeeng m contorcie,e with 'roue evaluation of a potenfAI itiseeinsere in the fund rei be tram: as Cleo vxer Capital Secore:ary C/pseirlenities furs ive LP (the tune) The inlOirelliOri irxAudio in this Present:non Is beine mace available to P,ecipieres or: a wetly oink:tribal bast 'nay nOt he ,flsclosec discresee wen arty person other than any Redreenes eftilkktes eirtereoral ;meters who are bound by obligalosns of ccedesentialey cri a need la know bast. Any pare perfoimanee information herein b net neceraarily inceaeye of future rest ht arid actual nedorrnance may oder materially from any meet:tat i.e keel:ailed ne iforagante Thl; PresentaWn rot intenCed rn tom: the basis 01 are: eecison and Peeeplents mere net re, / o' !bill Presentation as pan of any assessment of whether to subscribe for interests in the Fund This Presentation may not be teed for am roes not constitute an offer to seil, sli liz)lisitabl,li of any oiler to setiscribe fc'i QF pUNNISe;sof :M.:rests ur to ere44tise in any other transacts:': The aliOrneelal in this Preseiitatioit intere:ed to facilltateelscesslon and is not nei:ezearily meaningfulor complete without such supplemental disci;:sion. Each Recipient stxtulti raisult its own attorney. business leaciset any. taA ac:vit:er a: to legal, bvinest:, taA, accounting and 'dates. mutters (Allif.e.thing the information cciitatrier.1 !telt, ar3) army lkuit filenr4 of SCE IV. Neither reirroosee, hairabelyes Aryiseir 1.19 riot any of their resserceee aftlhatee makes anj repretentabon or warranty to any fleolpient (sewing tne legality Cr an investment In Ire rune, true he:Otre Or tas ConSe.;uen:ei, ex the teltabialy of an investnvot for such Recipient. This Presentation is not intone: for eistriteelet ant shall rot be restritgeted. in any jurisdiction where such distribution would violate applicable securities lows. Pfts.otAton ':Ay refer to cent _n *Venn: a) having Ottlifrilt and COUunlentS 3< l'elskt ken entered into whkei tray heir hats; Ol.Ctared Or been entered II1L0 at the cote that the Presentation h niece laSaikible re I that Gleridowee expects will occur or be enteied into thereafter Tint PratentetiOn IS not an offer to SOH, nor a sOlirit3E*0 of an offer IC buy, any srr:urity, and may rot bet see of rake upon in conr.ectton with any offer or stalk:eatem A private offering of interests in the fund will be Mace Only teirsuant to the offering tees:mere; for the f end, whkh contain AC3310041 information about 'iv irive::trnerit objective. term,: arki C/SliOitiOnS of an inweemera Ri the ink and &V, contain IAA information out risk niselosures OW are imumnarit to nor inveetnent decision reeersiiitelle Fend. No to rsos his: teen aultionged to make airy statement ccmcerning the Fund tither than asset kith in the peeress coeurnentS ant arty such staterrientS, it &see, new not be telex urean The offering ex/cuments will be furrilatueo to eiegatiee Investor: en a corificenttal has,: al their receri.The inicrreationconiaine:; in this Presentatese. will be sectrsedet by, arSliiS re;aliriee in its entirety by reference te. such oftennviceeriverts. Ari inveeenerit in the rune will ii,volve significant risks. inducing loss of the entire investment. The interests in the FUN" Will be illieeire as there t no see :near; rrearSet for altereste in the Ft nt, ;ore rne is expected to rleVellS3. There will ter restrictiore: reg tranaterrine interests :rift* fend Mvestenente may be leveraged ann this? investment performance may be volatile. Before myosins to invest in the fund, prospective in,,estors sti.:4;lo read the onerine memorandum ale! pay partia.lar attention t-s the TOL fa< tors &pleb& hr the ....ffering cocurnents Tne feet and tCpPnit3 thill14.11 in connectkil with en irrmstment tar, tet Fund may be blsteer ttesn the fees and el oom.e..„ of oi l er 1,,AtArAerit :.nterMniVe, and may Oise( plvwf4s. Inntstofs )hwild have the enamor ability also wagereey, to accept the risk charm:ern:es ei the runt -% ifivestments. Potential conlIkts 0 inter.," may arbe from the relationshc between Cre,tit Sdisse Asset Maroge.rnere and its atril ez i-Credit ettneel, &ids is ect.kig as the Funds placement agent Creed SuitTe ii rot acting and weal riot act as a munkipal adyk:0 within the meaning of Seaton 975 01 the Orxel-frank Wall Street Refers: and Cons( tier ProtectieriAr.t anc the rites am regviations promulgated thereunder nkmalAr;vitor Pole"). Any zervices, material, or information that Credit prcr.tes to a municipal entity or reftatee person as defined by the Municipal Ai7iirsisr Rule ti* Coverwi Party. l are prossOe: or, an ar 011!: ktriglil Oink; ant not as an acetic{ or lieuclary to the Covered Party Coverer: Parties stioule cc:osier. wIth their own internal aro exrei cal aewsois before taking ere troy: Witt: set:OeCt to any seNicet, iraterlat a' infestriation provli•i& to then: by traits SUileAP. Credit SS:lsSe Oho Will kt SOSCe a Covered Party (or direct or indirect compel-scallop on behalf of an unaffiliated investment armor for the pLawn,. of obtaining or retaining an engegenw re for that investineet &vire:, by theCent:red Perty to movie,: itiveStreielit. Service. IX, or on behalf of theCover& Party. Pieseritation contains information that hat been or may have been iliThntilin by a number of sources ar4 has not been moenendently verified Nothing container: herein stall constitute any representation of warranty alt re) rOSpOnSibility or liability iS accepted by Glendower. its affiliates or Mir3kIla Aevis'ar3 IL3 as to the eccucacy tr. completeness of any inforniationsuppliee herehe Unless otherwise :oaten. the Inferrnelion in ties Presentation has net bye,: en cited or verifier, by an incepencent party, and :Melee rot be seen it; any Celt:ins that might be al: heiveri The inform:eke-0 r.....main& herein rr-ort de kept strictly c: ink and may not be repro:ins& or nye:sitter: in any format siothoie. tete acl.roya I of the , re011eUentatiet at other :agent lbwtrig; nay ele:lose to any NotwithStanding the tOregOing. each tress:sitar and prospecitee investor (arc ea.:h effilikar alto all persorc, wetekt !imitator, of att., kink, the tax treatment 3M tax stri :etre re' the fr et end Ira investrneritz; anti all material; of any kind (inducing opinions or other tax enatyees) that are r:rovicec to st ch °wester' or prospective investor relating to such tar treatment and tax structuee, proviced, however, that seen eisokisere shall net ireke:e the name for other kenti(ying inkrrrstbn no,- relevant to the tax :, trixture or tax treatment) of any Lesson and shall:Kt include information for which norci:closur e Is rearoriabty necessary in wee; to comply watt, applicable securities laws Past performance is not necessarily we:cat:ye Iii future feria: and them on be no essareree that the Find will achieve comparable retults, that the return!: generated tre the Fund will ecual or exceed those presenttn• herein or that tht Fling will be able to iltinkneifirt is ink:Anent t3rOtettleS w achieve its irivearnerit objectivree The ferees. investment strategy anti applicable investment restrictions 'nay ;idler from Wet:* historically 'reels:yet, and economic conditions may eiffer rrosteiXaby from the cent:MOOS ender which any other investment lone or account managed or aOloSee by Glenr;ower has invested. All statements or opinion ;me / or belief (OntaineG in this Presentation arc all skews type:sate: ale: all 01(3eCteane, fOrecCti; or statement.: relatinf; to eeterctatons reeardierc fetere events or the sugoitile retere perfor imbue of time fund reeeeeete Glendower's (Wee ris.:es:merit.*Ilt .nivnAlicii available to it as at the tate of this Presentation. No representation is mace or assurance given that such statement', views, protections oror forecasts ate cOnytt. that the olger.tiyes of Ow Foy; will be athievet!oi that receive a retern of !heircapital hr azeition, responsibility or eet)• of cane is cir will be acr.epted Gleridower or its respectrm affiliates, :erector:, ernieoyees or *wiles for of/raking the Prurentetion (Or any &Cinema information). collect-Me airy Ineccui &ler in it oi providing any ilaittelnal inligniatiCil to you. Accoreingly, Io the fullest este& c:crebe subject to epplicable I3yr, nine -A Glendower or Its affiliate:: ark:: trek respective sharehaiers, adsten:. sire-stem pekes, panners, mergers ant empleytet shell be liable (tave in the rase of fraud) for any ksst (whether efr.tce Incirect or conseenentesl), damage, cost or e rpense suffer ex: of Wicull'173 lay any Oeison as a resit *I relying on wwstatenient in. or oiyossionfrm this presentation CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0040736 CONFIDENTIAL SDNY_GM_00186920 EFTA01355532